At What Price Will Bitcoin’s Decline Stop? The Latest Forecasts Have Been Released
Data traded on the Kalshi prediction market suggests investors are pricing in the possibility of a deeper pullback in Bitcoin (BTC) this year.
According to the platform’s predictions, there is an 85% chance that Bitcoin will fall below $60,000 in 2026, while the probability of it falling below $55,000 is 72%, and the probability of it falling below $50,000 is 61%. Furthermore, the probability of Bitcoin falling below $45,000 is estimated at 47%, and the probability of it falling below $40,000 is estimated at 37%.
Related News: A Small-Cap Altcoin Announced a $100 Million Partnership—But Controversy Over the Timing Is Growing
These expectations suggest that Bitcoin could fall to around $46,000 during the year. These predictions also bring to the forefront a bottom scenario below the $55,000-$57,000 support zone previously highlighted by Bitget Chief Analyst Lacie Zhang.
According to Zhang, the cryptocurrency market has begun pricing in macroeconomic pressures before the stock markets. He notes that ongoing fund outflows are putting pressure on prices, and that high volatility is likely to persist in the short term. However, Zhang argues that the crypto market could bottom out before traditional financial markets, and that a potential recovery could begin even earlier than the stock market.
*This is not investment advice.
Continue Reading: At What Price Will Bitcoin’s Decline Stop? The Latest Forecasts Have Been Released
You May Also Like
Trump DOJ may lose 'powerful arrow' as judge challenges conviction: analyst
MEXC On-chain Daily Report: Visa Partners with Brale to Test Private Stablecoin Settlement
CME Group to launch Solana and XRP futures options in October
